MIRA INFORM REPORT
|
Report Date : |
10.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAURIA UDYOG LIMITED |
|
|
|
|
Registered
Office : |
Anand Jyoti Building, 41 Netaji Subhas Road, Room No. 107, 1st
Floor, Kolkata - 700001, West Bengal |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2013 |
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|
|
Date of
Incorporation : |
24.09.1980 |
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|
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Com. Reg. No.: |
21-033010 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs. 133.200
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L51909WB1980PLC033010 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALM04672D / CALM00576C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM9522F |
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|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturer and Exporter of Cylinders, Valves and Regulators. |
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|
|
|
No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3600000 |
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|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The company has achieved fair profitability from its operation during the
financial year 2013. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital firms
in India during 2013, registering a drop of about 18 % over the previous year.
The Information Technology and IT-Enabled Services Industry retained its
status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Rajiv |
|
Designation : |
Finances Executive |
|
Contact No.: |
91-11-26221934 |
|
Date : |
08.03.2014 |
LOCATIONS
|
Registered Office : |
Anand Jyoti Building, 41 Netaji Subhas Road, Room No. 107, 1st
Floor, Kolkata - 700001, West Bengal, India |
|
Tel. No.: |
91-33-65180616 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Head Office : |
602, |
|
Tel. No.: |
91-11-26221934/ 26414056/ 26447645-47 |
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Fax No.: |
91-11-26414057/ 26234244 |
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E-Mail : |
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|
|
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|
Factory : |
Sector - 25, Sohna Road, Faridabad - 121004, Haryana, India |
|
Tel. No.: |
91-129-2230394/ 2443195/ 4092003/ 4092006 |
|
Fax No.: |
91-129-2231220 |
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E-Mail : |
DIRECTORS
As on 31.03.2013
|
Name : |
Mr. Vishnu Kumar Sureka |
|
Designation : |
Managing Director |
|
Address: |
M- 14/B, NDSE Part- II, New Delhi - 110049, India |
|
Date of Birth: |
23.09.1950 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
31.12.1992 |
|
|
|
|
Name : |
Mr. Navneet K Sureka |
|
Designation : |
Executive Director |
|
Address: |
M- 14/B, NDSE Part- II, New Delhi - 110049, India |
|
Date of Birth: |
16.09.1973 |
|
Date of Appointment : |
29.07.1997 |
|
|
|
|
Name : |
Mr. K. M. Pai |
|
Designation : |
Executive Director |
|
Qualification : |
B.E. (Mech) |
|
Experience : |
24 Yes |
|
Date of Appointment : |
14.05.2011 |
|
|
|
|
Name : |
Mr. Mohan Lal |
|
Designation : |
Director |
|
Address: |
H. No. 858, Gali No. 4, Bhood Colony, Old Faridabad, Faridabad - 121001,
Haryana, India |
|
Date of Birth: |
10.10.1957 |
|
Date of Appointment : |
1.12.2003 |
|
|
|
|
Name : |
Mr. Vijay Kumar Gupta |
|
Designation : |
Director |
|
Address: |
11- Kasinath Mullick Lane, Kolkata - 700073, West Bengal, India |
|
Date of Birth: |
14.07.1957 |
|
Date of Appointment: |
11.09.2008 |
|
|
|
|
Name : |
Mr. O P Bhardwaj |
|
Designation : |
Director |
|
Address: |
SFS. Flats- No. 87, Ashok Vihar, Phase - 4, Delhi - 110052, India |
|
Date of Birth: |
07.06.1951 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
1.12.2003 |
KEY EXECUTIVES
|
Name : |
Mr. Rajiv |
|
Designation : |
Finances Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Cylinders, Valves and Regulators. |
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Products : |
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Terms : |
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Selling : |
Cash / Credit (30 Days and 60 Days) |
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Purchasing : |
Cash / Credit (30 Days and 60 Days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
1500 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
--- |
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|
Financial Institutions : |
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Auditors : |
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|
Name : |
Salarpuria and Partners Chartered Accountants |
|
Address : |
1008, Chiranjiv Tower 43, Nehru Place, New Delhi – 110 019, India |
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Tel. No.: |
91-11-26216579 / 26414726 |
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Where Control Exists : |
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CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13320000 |
Equity Shares |
Rs. 10/- each |
Rs.133.200
Millions |
|
|
|
|
|
Shareholders holding 5% or more of shareholding
|
Name of Shareholders |
31.03.2013 |
|
|
|
No. of Shares |
% of Held |
|
Navneet Kumar Sureka |
2267340 |
17.02 |
|
Navneet Kumar Sureka (HUF) |
2071800 |
15.55 |
|
Deepanshu Sureka |
1386600 |
10.41 |
|
Deepa Sureka |
2061015 |
15.47 |
|
Prem Lata Sureka |
1419615 |
10.66 |
Bonus Shares given in last years:
On 20.03.2012, 8880000 equity shares have been
issued as fully paid up Bonus Shares by way of capitalization of Shares premium
reserve amounting to Rs. 63.000 Millions and Rs. 25.800 Millions out of
accumulated Balance of Profits.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
133.200 |
133.200 |
44.400 |
|
(b) Reserves & Surplus |
776.903 |
661.208 |
659.923 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
910.103 |
794.408 |
704.323 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
601.209 |
393.190 |
258.894 |
|
(b) Deferred tax liabilities (Net) |
28.945 |
24.074 |
19.383 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
630.154 |
417.264 |
278.277 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
2051.692 |
1884.253 |
1612.112 |
|
(b) Trade
payables |
751.825 |
648.560 |
294.387 |
|
(c) Other
current liabilities |
152.581 |
277.001 |
230.874 |
|
(d) Short-term
provisions |
51.754 |
42.994 |
44.184 |
|
Total Current
Liabilities (4) |
3007.852 |
2852.808 |
2181.557 |
|
|
|
|
|
|
TOTAL |
4548.109 |
4064.480 |
3164.157 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
694.345 |
585.680 |
572.180 |
|
(ii)
Intangible Assets |
0.636 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
13.364 |
19.030 |
1.317 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
30.467 |
28.195 |
21.217 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
82.024 |
47.875 |
26.041 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
820.836 |
680.780 |
620.755 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
5.709 |
|
(b)
Inventories |
673.068 |
703.657 |
835.389 |
|
(c) Trade
receivables |
2411.289 |
2112.952 |
798.107 |
|
(d) Cash
and cash equivalents |
234.619 |
153.150 |
126.091 |
|
(e) Short-term
loans and advances |
161.743 |
220.790 |
625.536 |
|
(f) Other
current assets |
246.554 |
193.151 |
152.570 |
|
Total
Current Assets |
3727.273 |
3383.700 |
2543.402 |
|
|
|
|
|
|
TOTAL |
4548.109 |
4064.480 |
3164.157 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9008.085 |
8959.799 |
7921.415 |
|
|
|
Other Income |
12.651 |
11.389 |
10.292 |
|
|
|
TOTAL (A) |
9020.736 |
8971.188 |
7931.707 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2120.629 |
1515.826 |
1152.619 |
|
|
|
Purchases of Stock-in-Trade |
5140.292 |
6146.754 |
6028.358 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
72.001 |
85.182 |
(108.394) |
|
|
|
Employees benefits expense |
40.508 |
33.918 |
37.000 |
|
|
|
Exceptional Items |
5.614 |
0.000 |
0.000 |
|
|
|
Other expenses |
1197.441 |
946.757 |
641.386 |
|
|
|
TOTAL (B) |
8576.485 |
8728.437 |
7750.969 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
444.251 |
242.751 |
180.738 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
232.303 |
67.860 |
35.305 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
211.948 |
174.891 |
145.433 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
39.424 |
33.842 |
26.726 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
172.524 |
141.049 |
118.707 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
55.972 |
47.132 |
39.829 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
116.552 |
93.917 |
78.878 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2752.827 |
1653.369 |
779.382 |
|
|
TOTAL EARNINGS |
2752.827 |
1653.369 |
779.382 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
358.809 |
170.344 |
63.831 |
|
|
|
Stores & Spares |
33.952 |
0.005 |
0.399 |
|
|
|
Capital Goods |
34.321 |
2.239 |
54.606 |
|
|
TOTAL IMPORTS |
427.082 |
172.588 |
118.836 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.75 |
20.62 |
16.86 |
|
Expected Sales (2013-14) : More than Rs.10000.000 Millions
The above information has been parted by Mr. Rajiv
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.29 |
1.05 |
0.99 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.92 |
1.57 |
1.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.83 |
3.51 |
3.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.18 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.91 |
2.87 |
2.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.19 |
1.17 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
44.400 |
133.200 |
133.200 |
|
Reserves & Surplus |
659.923 |
661.208 |
776.903 |
|
Net
worth |
704.323 |
794.408 |
910.103 |
|
|
|
|
|
|
long-term borrowings |
258.894 |
393.190 |
601.209 |
|
Short term borrowings |
1612.112 |
1884.253 |
2051.692 |
|
Total
borrowings |
1871.006 |
2277.443 |
2652.901 |
|
Debt/Equity
ratio |
2.656 |
2.867 |
2.915 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
7921.415 |
8959.799 |
9008.085 |
|
|
|
13.109 |
0.539 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
7921.415 |
8959.799 |
9008.085 |
|
Profit |
78.878 |
93.917 |
116.552 |
|
|
1.00% |
1.05% |
1.29% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long Term
Borrowing |
|
|
|
From Directors [Including interest free loan Rs. 21.548 millions] |
29.515 |
39.130 |
|
From Bodies Corporate |
4.295 |
11.652 |
|
From Other than
Related Parties |
|
|
|
From Bodies Corporate |
19.098 |
8.970 |
|
Total |
52.908 |
59.752 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10434035 |
28/06/2013 |
48,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B78376043 |
|
2 |
10434036 |
28/06/2013 |
52,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B78377462 |
|
3 |
10437213 |
10/06/2013 |
130,000,000.00 |
KARNATAKA BANK LIMITED |
SCO 149 SHOPPING CENTRE, SECTOR 21C, FARIDABAD, HARYANA, Haryana - 121002, INDIA |
B79766341 |
|
4 |
10391950 |
29/11/2012 |
35,955,200.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B64128648 |
|
5 |
10350783 |
19/04/2012 |
250,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169 BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, Maharashtra - 400020, INDIA |
B37886637 |
|
6 |
10322420 |
22/03/2013 * |
300,000,000.00 |
Indian Overseas Bank |
14-15, Farm Bhawan, Nehru Place, New Delhi, Delhi - 110019, INDIA |
B72877947 |
|
7 |
10291575 |
25/05/2011 |
50,000,000.00 |
KARNATAKA BANK LIMITED |
SECTOR - 21C, FARIDABAD, Haryana - 121001, INDIA |
B14772834 |
|
8 |
10256019 |
02/12/2010 |
48,000,000.00 |
KARNATAKA BANK LIMITED |
SECTOR - 21C, FARIDABAD, Haryana - 121001, INDIA |
B01798115 |
|
9 |
10256017 |
04/11/2010 |
50,000,000.00 |
KARNATAKA BANK LIMITED |
SECTOR - 21C, FARIDABAD, Haryana - 121001, INDIA |
B01795699 |
|
10 |
10232715 |
20/07/2010 |
3,447,978.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A91555359 |
|
11 |
10229381 |
12/07/2011 * |
1,000,000,000.00 |
ALLAHABAD BANK |
17, Parliament Street, New Delhi, Delhi - 110001, |
B17215765 |
|
12 |
10168871 |
10/06/2009 |
100,000,000.00 |
KARNATAKA BANK LIMITED |
SCO- 143, SECTOR - 21C, FARIDABAD, Haryana - 121002, INDIA |
A66845967 |
|
13 |
10134949 |
30/08/2011 * |
100,000,000.00 |
KARNATAKA BANK LIMITED |
SECTOR - 21C, FARIDABAD, Haryana - 121001, INDIA |
B21607502 |
|
14 |
10111037 |
22/05/2008 |
6,340,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A40741696 |
|
15 |
10080699 |
30/08/2011 * |
50,000,000.00 |
KARNATAKA BANK LIMITED |
SECTOR - 21C, FARIDABAD, Haryana - 121001, INDIA |
B21608666 |
|
16 |
10085291 |
30/08/2011 * |
250,000,000.00 |
KARNATAKA BANK LIMITED |
SECTOR - 21C, FARIDABAD, Haryana - 121001, INDIA |
B21608492 |
|
17 |
10085660 |
30/08/2011 * |
250,000,000.00 |
KARNATAKA BANK LIMITED |
SECTOR - 21C, FARIDABAD, Haryana - 121001, INDIA |
B21608872 |
|
18 |
10085265 |
30/08/2011 * |
300,000,000.00 |
KARNATAKA BANK LIMITED |
SECTOR - 21C, FARIDABAD, Haryana - 121001, INDIA |
B21608211 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Ownership Flats
- Plant and Machinery
- Electricity Installations
- Dies
- Measuring and Testing Equipments
- Furniture and Fixtures
- Office Equipments
- Computers
- Air Conditioner and Fans
- Vehicles
- Cranes
- Truck Trailers
- Fire Fighting Equipments
UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 31.12.2013
(Rs. In Millions)
|
Particular |
3 months ended 31.12.2013 |
Preceding 3 months ended 30.09.2013 |
Year to date figures for the current period ended
31.12.2013 |
|
|
Unaudited |
Unaudited |
Unaudited |
|
Income from Operations |
|
|
|
|
Net
Sales/Income from Operations |
1496.571 |
1904.916 |
5590.528 |
|
Other
Operating Income |
0.066 |
0.136 |
0.201 |
|
Total Income from operations (net) |
1496.637 |
1905.051 |
5590.729 |
|
|
|
|
|
|
Expenses |
|
|
|
|
(a) Cost of
material consumed |
374.289 |
441.644 |
1212.713 |
|
(b) Purchase
of stock in trade |
780.532 |
1027.404 |
3204.505 |
|
(c) Changes in inventories of finished goods, work in progress and
stock in trade |
(9.615) |
(27.320) |
(11.559) |
|
(d) Employee
benefit expenses |
10.411 |
11.831 |
32.899 |
|
(e)
Depreciation and amortization expenses |
12.213 |
10.069 |
33.345 |
|
(f) Other
Expenses |
28.189 |
338.308 |
864.998 |
|
Total Expenses |
1449.020 |
1801.936 |
5336.901 |
|
Profit from Operations before Other Income,
Finance costs and Exceptional item |
47.617 |
103.151 |
253.828 |
|
Other Income |
3.913 |
3.744 |
10.638 |
|
Profit/ Loss from Ordinary Activities
before Finance costs and Exceptional item |
51.531 |
106.859 |
264.466 |
|
Finance costs |
22.603 |
62.816 |
156.030 |
|
Profit/ Loss from Ordinary Activities after
Finance costs but Exceptional item |
28.927 |
44.043 |
108.436 |
|
Exceptional item |
0.000 |
0.000 |
0.000 |
|
Profit/ Loss from Ordinary Activities
before tax |
28.927 |
44.043 |
108.436 |
|
Tax Expenses |
9.797 |
10.500 |
30.800 |
|
Net Profit/ Loss from Ordinary Activities
after tax |
19.130 |
33.543 |
77.636 |
|
Extraordinary
items (Net of Tax expense Rs. Millions) |
0.000 |
0.000 |
0.000 |
|
Net
Profit / Loss for the period (11 ±12) |
191.130 |
33.543 |
77.636 |
|
Share of
profit/ (loss) of associates |
0.000 |
0.000 |
0.000 |
|
Minority
interest |
0.000 |
0.000 |
0.000 |
|
Net Profit/ (loss) after taxes, minority
interest and share of profit/ (loss) of associates |
191.130 |
33.543 |
77.636 |
|
Paid- up Equity Share Capital (Face value
of the share – Rs. 10) |
133.200 |
133.200 |
133.200 |
|
Reserves excluding revaluation reserves as
per balance sheet of Previous Accounting Year |
576.697 |
576.697 |
576.697 |
|
Earnings per share (before extraordinary
items) (of Rs. 10/- each) (not annualized) - Basic |
1.44 |
2.52 |
5.83 |
|
- Diluted |
|
|
|
|
Earnings per share (after extraordinary
items) (of Rs. 10/- each) (not annualized) -
Basic |
1.44 |
2.52 |
5.83 |
|
- Diluted |
|
|
|
|
|
|
|
|
|
PARTICULARS OF SHAREHOLDING |
|
|
|
|
1. Public shareholding |
|
|
|
|
Number of Shares |
3420480 |
3420480 |
3420480 |
|
Percentage of
Shareholding |
25.68 |
25.68 |
25.68 |
|
2. Promoters and
promoter group shareholding |
|
|
|
|
a)
Pledged/Encumbered |
|
|
|
|
- Number of Shares |
0.000 |
0.000 |
0.000 |
|
- Percentage of Shares (as a % of the Total Shareholding of promoter
and promoter group) |
0.000 |
0.000 |
0.000 |
|
- Percentage of Shares (as a % of the Total Share Capital of the
Company) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Non - encumbered |
|
|
|
|
- Number of Shares |
9899520 |
9899520 |
9899520 |
|
- Percentage of Shares (as a % of the total shareholding of promoter
and promoter group) |
100.00 |
100.00 |
100.00 |
|
- Percentage of Shares (as a % of the total share capital of the
company) |
74.32 |
74.32 |
74.32 |
|
|
|
|
|
|
B Investor
complaints |
|
|
|
|
Pending at the beginning of the quarter |
Nil |
|
|
|
Received during the quarter |
Nil |
|
|
|
Disposed of during the quarter |
Nil |
|
|
|
Remaining unresolved at the end of the quarter |
Nil |
|
|
Notes:
- The above Unaudited Financial Results have been prepared on the basis of accounting policies adopted by the company for preparing the statutory accounts in the past and were reviewed by the Audit Committee.
- Provision for Income Tax includes Deferred Tax, pursuant to provisions of accounting standard AS22.
- Provisions have not been made in respect of decrease in Market Value of Quoted Investment being considered temporary in nature.
- The Unaudited Financial Results for the quarter ended 31.12.2013, have been approved and taken on record by the Board of Directors in their meeting held on 12.02.2014.
- The limited Review as required under clause 41 of the Listing Agreement has been completed by the Statutory Auditors.
SEGMENT – WISE REVENUE, RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF
THE LISTING AGRREMENT
(Rs. In Millions)
|
Particulars |
3 months ended 31.12.2013 |
Preceding 3 months ended 30.09.2013 |
Year to date figures for the current period ended
31.12.2013 |
|
|
Unaudited |
Unaudited |
Unaudited |
|
1. Segment Revenue |
|
|
|
|
a. Segment
A - Manufacturing |
647.640 |
837.544 |
2170.768 |
|
b. Segments B - Merchandising |
848.932 |
1067.373 |
3419.760 |
|
c. Segment
C - Investments & Finance |
0.000 |
0.000 |
0.000 |
|
d.
Unallocated |
0.201 |
0.000 |
0.201 |
|
Total |
1496.773 |
1904.917 |
5590.729 |
|
Less: Inter – segment revenue |
0.000 |
0.000 |
0.000 |
|
Total income from operations (net) |
1496.773 |
1904.917 |
5590.729 |
|
|
|
|
|
|
2. Segment Results |
|
|
|
|
Profit/ (loss) before tax and interest |
|
|
|
|
a. Segment
A - Manufacturing |
31.347 |
63.204 |
136.830 |
|
b. Segments B - Merchandising |
16.070 |
39.911 |
116.798 |
|
c. Segment
C - Investments & Finance |
0.000 |
0.000 |
0.000 |
|
d.
Unallocated |
0.201 |
0.000 |
0.201 |
|
Total |
47.618 |
103.115 |
253.829 |
|
Less: Finance Costs |
22.603 |
62.816 |
156.031 |
|
Other un-allocable expenditure |
0.000 |
0.000 |
0.000 |
|
Add: un-allocable operating income |
3.913 |
3.744 |
10.638 |
|
Total Profit Before Tax |
28.927 |
44.042 |
108.436 |
|
|
|
|
|
|
3. Capital Employed |
|
|
|
|
(Segment Assets – Segment Liabilities) |
|
|
|
|
a. Segment
A - Manufacturing |
640.300 |
599.192 |
640.300 |
|
b. Segments B - Merchandising |
122.221 |
138.903 |
122.221 |
|
c. Segment
C - Investments & Finance |
28.824 |
30.227 |
28.824 |
|
d.
Unallocated |
0.000 |
0.000 |
0.000 |
|
Total |
791.345 |
768.322 |
791.345 |
* Strike off whichever is not applicable
# Profit/ (Loss) before tax and after interest in case of segments having operations which are primarily of financial nature.
** Other than the interest pertaining to the segments having operations which are primarily of financial nature.
Notes:
(a) Segment Revenue, Segment Results, Segment assets and Segment liabilities shall have the same meaning as defined in the Accounting Standards on Segments Reporting (AS-17) issued by ICAI /Company. (Accounting Standard) Rules, 2006
(b) The above information shall be furnished for each of the reportable primary segments as identified in accordance withAS-17, issued by ICAI /Company [Accounting Standard ) Rules, 2006
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.99 |
|
|
1 |
Rs.102.07 |
|
Euro |
1 |
Rs.84.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.